Butcher Creek

Palm springs, wa

“Our 2021 Kimberley program will be an exciting one indeed, designed to rapidly advance the Palm Springs Gold Project towards production.

Our aim is to produce a Maiden Resource Estimate below the Butchers Creek Open Pit and along strike to the southwest and move rapidly into the studies phase from there.”

Acquired by Meteoric in March 2020, The Palm Springs gold project is located in the Halls Creek Orogen of Western Australia and is an advanced exploration play containing past production, spectacular drill intercepts and historic resources.

The Project includes 20km of prospective strike, covering more than 12,500ha with more than 60 known gold occurrences outside the Butchers Creek Mine – which historically produced 52,000oz gold.

Mining at the Butchers Creek mine ceased amid historically low gold prices in the late 1990s and there has been little to no modern exploration since that time.

A maiden 26 hole drilling program carried out by Meteoric confirmed and extended known gold mineralisation over 360m along strike to the south west of Butchers Creek Open Pit. The orebody is open at depth and down plunge to the south.

Best intercepts from Meteoric’s 2020 drilling included:

– 69m @ 4.38g/t Au [181m] in BCRD467 including 19m @ 7.2/t Au [204m]

– 56m @ 2.69g/t Au [181m] in BCDD372 including 18m @ 4.9/t Au [203m]

– 55m @ 3.21g/t Au [175m] in BCRD468 including 8m @ 7.6/t Au [179m]

– 53m @ 2.14g/t Au [147m] in BCRC466

– 21m @ 6.07g/t Au [264m] in BCRC476 including 2m @ 47.8/t Au [268m]

Meteoric’s 2021 field program will focus on additional step-out and infill RC drilling in order to produce a Maiden Resource Estimate.